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Australian shares are set to open higher after a record jump in U.S. retail sales buoyed Wall Street overnight, and as the domestic central bank pointed to a shallower-than-expected economic downturn due to the coronavirus pandemic. All three major U.S. stock indexes ended higher as risk sentiment...

Investors who lived through this year's historic market sell-off only to see stocks bounce higher say they are most frightened of another drop and have become more wary of alternatives like hedge funds, a new report released on Tuesday shows.

A former Morgan Stanley diversity officer sued the bank on Tuesday, alleging racial discrimination, retaliation and violation of equal pay laws, according to a court filing.

Tiff Macklem, in his first public appearance as governor of the Bank of Canada, said on Tuesday the bank remains focused on using its policy tools, including low interest rates, to support the Canadian economy's recovery from the COVID-19 pandemic.

Brazilian telecoms firm Oi SA will split off four units from its main business operating under bankruptcy protection as a prelude to billions of dollars in asset sales to fund its growing broadband fiber unit.

Texas as early as this fall could tighten some rules for the controversial practice of natural gas flaring, the head of the state's regulatory commission said on Tuesday.

The Lebanese central bank aims to bring down the price of the U.S. dollar progressively with the agreement of licensed foreign currency dealers to help stabilise prices as much as it can, governor Riad Salameh told Reuters on Tuesday.

A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chair Jerome Powell said on Tuesday, as he began the first of two days of hearings before U.S. lawmakers.

British finance minister Rishi Sunak is planning to break the Conservative Party's "triple lock" state pension pledge, the Financial Times reported https://on.ft.com/3e9TilQ, saying the Treasury fears the policy may become unaffordable due to the economic fallout of the coronavirus outbreak.

Portugal's Galp Energia (GALP.LS) partially resumed production at its Sines refinery on Tuesday, the company said, after a lack of storage space for unused fuel amid a drastic drop in demand because of the coronavirus outbreak brought it to a halt.